Azerbaijan is joining the list of governments adopting distributed ledger technology to promote efficiencies. Osman Gunduz, Chair of the Azerbaijani Internet Forum (AMF), announced the country will start using blockchain on…

Recent reports claim that US tech giant, IBM, is helping The Central Bank of Azerbaijan (CBA) to implement blockchain technology into the country’s existing infrastructure, signaling that the country is…

Azerbaijan has joined the growing list of countries that are taxing revenue received in cryptocurrencies. Revenues received in cryptocurrency in Azerbaijan are subject to taxation, according to Nijat Imanov, deputy…

Azerbaijan, taking another step towards the legitimization and mainstream adoption of cryptocurrencies, has declared that the coins are subject to taxation in the country. Specifically, revenues generated by entities will…